Form D · Other Investment Fund

Ares Pathfinder Core Fund, L.P.

Los Angeles, CA · CIK 0001871190

Offering snapshot reported Oct 29, 2025 · SEC filing

Reported sold: $6.4B
Investors reported: 131
Minimum accepted: $2.5M
First sale: Jul 9, 2021

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$5,025,500,000 → $6,398,120,000
Reported investors94 → 131

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 29, 2025	Amendment	$6,398,120,000	$1,372,620,000vs Oct 28, 2024	131	SEC filing
Oct 28, 2024	Amendment	$5,025,500,000	$821,500,000vs Oct 27, 2023	94	SEC filing
Oct 27, 2023	Amendment	$4,204,000,000	$750,000,000vs Jul 11, 2023	75	SEC filing
Jul 11, 2023	Amendment	$3,454,000,000	$728,000,000vs Jul 11, 2022	61	SEC filing
Jul 11, 2022	Amendment	$2,726,000,000	$1,198,500,000vs Jul 13, 2021	39	SEC filing
Jul 13, 2021	Initial	$1,527,500,000	No comparison	Not reported	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-406014

The Total Amount Sold is aggregated to include each of the Issuers as well as the GP's commitment.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
ARES MANAGEMENT CAPITAL MARKETS LLC	166219

Source: Form D, filed Oct 29, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

ARES PATHFINDER CORE FUND, L.P.

Investment adviser: ARES MANAGEMENT LLC

Gross asset value: $3.29B
Beneficial owners: 60
ADV minimum commitment: $10M

Reported in Form ADV on Aug 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI OAKS, Pennsylvania, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →

Fund administrator SS&C TECHNOLOGIES, INC. OAKS, Pennsylvania, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →

Auditor ERNST & YOUNG LOS ANGELES, California, United States Other funds reporting this name →

Custodian THE BANK OF NEW YORK MELLON TRUST COMPANY HOUSTON, Texas, United States Related to adviser: No Other funds reporting this name →

Marketer ARES MANAGEMENT CAPITAL MARKETS LLC CULVER CITY, California, United States Related to adviser: Yes Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG
PCAOB 42

ARES MANAGEMENT CAPITAL MARKETS LLC
CRD 166219 · SEC 8-69194

Fund asset history · 5 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$631,343,181	7	Mar 31, 2022
2022	$1,629,084,510	16	Mar 31, 2023
2023	$2,150,195,976	26	Mar 28, 2024
2024	$2,802,511,005	33	Mar 31, 2025
2025	$3,294,485,420	60	Mar 27, 2026

Filing source

Form ADV 2127751 · Aug 26, 2026 · Schedule D 7.B.(1), fund 805-6209072536

Reported by ARES MANAGEMENT LLC (CRD 130074).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A N/A Apc Management Gp Llc	Director
N/A N/A Apc Management, L.P.	Director
Michael J. Arougheti	Executive
Keith Ashton	Executive
Kipp Deveer	Executive
Kipp De Veer	Executive
Mitchell Goldstein	Executive
Joel Holsinger	Executive
Matthew Jill	Executive
Jeffrey W. Kramer	Executive
Michael L. Smith	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Ares Management Llc 1800 Avenue Of The Stars, Suite 1400
Los Angeles, CA, 90067
Phone: (310) 201-4100